Car Leasing Glossary

Glossary of Car Leasing Terms

Our glossary of car leasing terms will help explain the most popular terms:

Excess Mileage

All car and van leasing agreements include an annual mileage limit.  Compass Vehicle Services for instance includes 15000 miles per annum as standard.   If when you return your car at the end of the lease you have exceeded the agreed mileage you will be charged an ‘excess mileage’ fee, which will be detailed in your leasing agreement.